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20121128
20121206
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CNBC 2
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CNBC
Nov 29, 2012 6:00am EST
. that would go against the grover norquist pledge not to raise taxes. but one of those who signed the pledge is standing by his promise. senator ron john so thson joins. senator, thanks for being here. >> good morning. >> senator, we've been following all of these negotiations as the market has turning on every single bit of information that comes out. you say that you would not go along with any idea to raise those marginal tax rates. why is that? >> because everything we should be doing here should be concentrating on economic growth because that's time as more effective. let me give you a couple numbers. even with the very meager recovery that we've had, revenue has increased to the federal government by $344 billion per year. if we just return to a normal economy like we had in 2007, those policies of george bush where we had 18.5% of our economy coming to the federal government as revenue, that would be another $419 billion. so combined, that would be $750 billion per year of additional revenue. now, president obama's proposal of punishing success, it's hard to say exactly what it will
CNBC
Dec 5, 2012 6:00am EST
years from now. thank you very much. i think grover norquist will be laughing at all of you. >> all of who? >> you don't solve income inequality by taxing rich people. that doesn't happen. >> i'm just advancing -- >> you don't think the republicans will bear a big part of the blame on this? the president has set it up like that. we want to both keep taxes low on 98%, what can't we -- >> they can spin it any way they want and they will, becky. but i think the key thing here is that neither side is really moving the ball forward. they're not really talking about core issues when it comes to any kind of fiscal sanity. but i will say this, part of the reason the republicans are so reluctant to do business with obama is they got rolled in the first two years. and the other thing is when they hear the rhetoric coming from the left, listen to people like paul krugman who says we've got to print money and borrow money. they're horrified. you take that message down south to a lot of constituencies and they don't want to deal with. so, you know, i think it's a strange time. we do have great p
Search Results 0 to 1 of about 2